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Jim Cramer's 'Mad Money' Recap: Here's What I'm Watching Next Week

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The rate hike is coming and you need to be ready with some cash when it does, Jim Cramer told his Mad Money viewers Friday, as he warned that the risks of a September interest rate hike are now too great to be ignored.

Cramer said he's been selling beloved positions in his charitable trust, Action Alerts PLUS, in order to raise cash so he can buy them back at lower prices. Investors need to be prepared, he added, even if that means missing out on the upside if the Federal Reserve chooses to stay put in two weeks.

As for next week's game plan, Cramer said he'll be listening to Minnesota Fed President Neel Kashkari's comments at 1 p.m. EDT on Monday. He'll also be looking out for earnings from United...


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